Investor Presentaiton
Q3 23 Operations Highlights
Organic activity up 16% year to date vs. the same period of 2022. Scale driving organic growth.
AFES
Wells in Process
Well Completions
$1.8B (gross) in AFEs
Over 95% consent rate,
expected IRR's well above
hurdle rate
Over 190 wells evaluated
Net well evaluations driven
by accelerated Permian
activity
Drilling & Completions list
grew nearly 34% vs YE22
to an-all time high
Organic activity accounted
for ~50% of adds
The Permian accounts for
~60% of oil-weighted net
wells
Mewbourne, Oxy, and
Earthstone/Permian
Resources accounted for
~50% of adds
Organic completion activity
was higher vs. Q3 22 as
operators worked through
DUCS to capitalize on the
commodity price
environment
The Williston and Permian
each accounted for
approximately half of
organic completions
Investor Presentation November 2023 | 12 NOGView entire presentation